CYBR.TO vs. ^GSPC
CYBR.TO (Evolve Cyber Security Index Fund - Hedged Units) is Cybersecurity fund tracking the Solactive Global Cyber Security Index Canadian Dollar Hedged, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, CYBR.TO returned 6.25%/yr vs 13.51%/yr for ^GSPC. At a 0.49 correlation, their price movements are largely independent.
Performance
CYBR.TO vs. ^GSPC - Performance Comparison
Loading charts...
Different Trading Currencies
CYBR.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CYBR.TO achieves a 28.88% return, which is significantly higher than ^GSPC's 11.42% return.
CYBR.TO
- 1D
- 1.24%
- 1M
- 2.95%
- 6M
- 24.69%
- YTD
- 28.88%
- 1Y
- 15.36%
- 3Y*
- 20.97%
- 5Y*
- 6.25%
- 10Y*
- —
- ALL TIME*
- 14.65%
^GSPC
- 1D
- 0.10%
- 1M
- -0.10%
- 6M
- 9.57%
- YTD
- 11.42%
- 1Y
- 20.68%
- 3Y*
- 20.18%
- 5Y*
- 13.51%
- 10Y*
- 13.80%
- ALL TIME*
- 9.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | CA$51.90T | CA$55.68T | CA$57.31T |
| CA$221.85K | CA$189.55K | CA$244.50K |
CYBR.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CYBR.TO Evolve Cyber Security Index Fund - Hedged Units | 28.88% | 2.14% | 13.45% | 44.51% | -37.17% | 5.65% | 66.41% | 24.43% | 7.17% | 5.29% |
^GSPC S&P 500 Index | 11.42% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 8.99% |
Correlation
The correlation between CYBR.TO and ^GSPC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.49 |
The correlation between CYBR.TO and ^GSPC has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CYBR.TO vs. ^GSPC — Risk / Return Rank
CYBR.TO
^GSPC
CYBR.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Cyber Security Index Fund - Hedged Units (CYBR.TO) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CYBR.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.26 | -1.72 |
| Martin ratioReturn relative to average drawdown | 1.15 | 8.29 | -7.14 |
Loading charts...
Drawdowns
CYBR.TO vs. ^GSPC - Drawdown Comparison
The maximum CYBR.TO drawdown since its inception was -44.40%, smaller than the maximum ^GSPC drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for CYBR.TO and ^GSPC.
Loading charts...
Drawdown Indicators
| CYBR.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.40% | -48.87% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -28.10% | -9.17% | -18.93% |
Max Drawdown (3Y)Largest decline over 3 years | -28.10% | -19.59% | -8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -44.40% | -23.14% | -21.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -8.97% | -2.64% | -6.33% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -9.62% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 2.50% | +10.90% |
Volatility
CYBR.TO vs. ^GSPC - Volatility Comparison
Evolve Cyber Security Index Fund - Hedged Units (CYBR.TO) has a higher volatility of 9.85% compared to S&P 500 Index (^GSPC) at 3.09%. This indicates that CYBR.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CYBR.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.85% | 3.09% | +6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 25.88% | 10.29% | +15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.91% | 13.07% | +16.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.88% | 17.97% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 19.15% | +7.49% |
Frequently Asked Questions
CYBR.TO and ^GSPC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CYBR.TO and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer